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06-11-2009, 02:52 AM
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Glencoe
Question for any people familiar with the NS. Has Glencoe changed recently. I met someone who recently said that Glencoe had taken a turn for the worst but she wouldn't specified what she meant. Anyone have any insight?
SK
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06-11-2009, 09:42 AM
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It has to be THE MOST costly suburb in Cook Co. -- as a percentage of total homes you won't find another area that has so many homes that have sold for north $2M.
Nutty people that cannot "specify" what they are trying to convey are better ignored...
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06-11-2009, 10:51 AM
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Join Date: Mar 2009
226 posts, read 113,877 times
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if it took a turn for the worst, the worst that could have happened is that the average house price went from 2.5 M to 2.4M.
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06-11-2009, 11:03 AM
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75 posts, read 33,802 times
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I bet one of the neightbors bought an american made car - oh the horror!
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06-11-2009, 02:34 PM
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Join Date: Jan 2007
Location: Evanston
213 posts, read 193,859 times
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The only thing that's taken a turn for the worse - and maybe this is what your acquaintance meant - is the housing market. The inventory of high-end homes is pretty astronomical.
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06-11-2009, 07:50 PM
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The public golf course there sucks also though that isn't anything new. Much better rounds to be played in the neighboring suburbs.
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06-12-2009, 10:49 PM
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Location: Chicago
683 posts, read 287,116 times
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Any one who has ever driven around Glencoe would know: what it has going for it could not make it "turn worse". What on earth could make quality housing in a North Shore setting go downhill?
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06-13-2009, 12:24 AM
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Quote:
Originally Posted by edsg25
What on earth could make quality housing in a North Shore setting go downhill?
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Developers, speculators and buyers who are in over their heads. The recent housing market has brand spankin' new mcmansions going on the auction block (with overgrown lawns), burst pipes and collapsed ceilings in stately lakefront mansions, and plenty of flips that FLOPPED and turned into unkempt, deteriorating properties.
It's sad and infuriating. The quaint and historic north shore property of 2001 became the teardown of 2004 and the mcmansion foreclosure of 2009.
Ick. |
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06-13-2009, 02:26 AM
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please, you are talking about an area where only the top 1% of americans can afford to live.
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06-13-2009, 07:59 AM
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Quote:
Originally Posted by jimmyP
please, you are talking about an area where only the top 1% of americans can afford to live.
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If everyone who lived in Glencoe could afford to live in Glencoe, there wouldn't be a problem. Welcome to 2009:
Glencoe Foreclosures — Trulia.com |
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